Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) today announced the launch of MAVAN (Made In America VAlidator Network), its institutional-grade Ethereum staking platform.
MAVAN is built to be a leading Ethereum staking destination for institutional clients, prioritizing security, performance, and resilience. The platform combines U.S.-based infrastructure for organizations requiring domestic validation with a flexible, globally distributed architecture to support customers worldwide. Initially developed to manage Bitmine’s Ethereum treasury, MAVAN will expand to serve institutional investors, custodians, exchanges, and ecosystem partners seeking institutional staking and blockchain infrastructure services.
Tom Lee, Chairman of Bitmine, said MAVAN is a key step toward creating one of the world’s leading staking and on-chain infrastructure platforms. He noted that because Bitmine holds the largest Ethereum position globally, MAVAN will quickly become the largest Ethereum staking platform. Bitmine plans to extend MAVAN to additional proof-of-stake networks and blockchain infrastructure areas, including on-chain vaults and post-quantum client development through 2026.
As of 5:00 PM ET on March 24, 2026, Bitmine reported total staked ETH of 3,142,643, valued at approximately $6.8 billion using a $2,148 ETH price (via Coinbase). Bitmine stated it has staked more ETH than any other entity. Once Bitmine’s ETH is fully staked on MAVAN in the coming weeks, expected ETH staking rewards are projected to be nearly $300 million annually (using a 2.83% 7-day BMNR yield).
In the past week, Bitmine staked 101,776 ETH (about $219 million) to MAVAN and intends to continue staking its remaining unstaked ETH in the coming weeks.
Bitmine remains supported by institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee as it pursues a goal of acquiring 5% of ETH.
Institutions interested in staking Ethereum on MAVAN, or custodians, exchanges and partners seeking to offer MAVAN staking to customers, can contact [email protected].
The Chairman’s message is available at: https://www.bitminetech.io/chairmans-message
Fiscal Full Year 2025 earnings and the corporate presentation are available at: https://bitminetech.io/investor-relations/
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About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner operating in the U.S. The company is deploying excess capital to build a leading Ethereum treasury, implementing a digital asset strategy focused on long-term ETH accumulation and protocol-level participation such as staking and decentralized finance. Guided by its “alchemy of 5%” philosophy, Bitmine has designated ETH as its primary treasury reserve asset and recently launched MAVAN, a dedicated staking infrastructure.
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Forward-Looking Statements
This release contains forward-looking statements regarding the launch and anticipated growth of MAVAN, its expected position as the largest Ethereum staking platform, expansion to other proof-of-stake networks and blockchain infrastructure, projections for staking rewards and yields, the timing of staking Bitmine’s remaining ETH, Bitmine’s ETH acquisition and staking goals, and the long-term value of Ethereum. Forward-looking statements are subject to risks and uncertainties, including Bitmine’s ability to operate and scale MAVAN, attract institutional clients and partners, compete within the staking services market, keep pace with technological change, finance its operations and proposed activities, and the future market value of Bitcoin and Ethereum. Actual results may differ materially from these statements. See the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025 and other SEC filings for additional information. Copies of Bitmine’s SEC filings are available at www.sec.gov. Bitmine undertakes no obligation to update forward-looking statements except as required by law.